The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 64 bikes?
A) $200
B) $300
C) $400
D) $500
A
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The chief function of the Federal Reserve is to be the federal government's tax collection institution
a. True b. False Indicate whether the statement is true or false
Economies of scale and scope encourage free competition.
Answer the following statement true (T) or false (F)
The long-run aggregate supply curve is upward sloping (rather than vertical) in the short-run due to
A. sticky wages B. sticky employment C. sticky interest rates D. sticky output
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward